Remember, when buying a house or a flat: - Ensure that the paper work and title documentation are in order. Consult your lawyer or a friend knowledgeable in this area. Bear in mind factors like approach roads, upcoming structures in the area and the availability of all basic amenities. Is the monthly outgo too high? - Buying a property, which is way beyond your price range, could affect your financial planning for other important aspects of life like retirement, children's marriage/education. True, there are HFCs and banks that determine your eligibility based on your repayment capacity and tell the loan amount up front. However, the loan amount may be more than what you can actually service. So even if the HFCs are willing to finance a certain amount, you need to do your own analysis and check the impact of home loan (repayment) on your monthly expenditure. As a thumb rule your total monthly fixed liability, including your home loan (EMI), should not exceed 30% to 40% of your gross monthly income. >> MORE TIPS << BACK

Which housing finance company (HFC) should I choose? - Currently, the market is skewed in the favor of the buyers and many homebuyers are rushing to take a housing loan without fully exploring the options available. More often than not, individuals with pre-approval letters for a loan have more bargaining power. It's always advisable to chose the financer with care, compare the loan options available and always go with the financer who has a good track record. After all, you are entering in a relationship for 10 to 15 years, so the HFC has to be of repute and offer quality service. You have ample choices in terms of schemes (Step up EMI, Step down EMI, Balloon payment) and interest rates (floating rate or the traditional fixed rate). Currently the floating rate for a home loan for 15 years is in the range of 9.5% to 11.0%. You even have the choice of taking a loan for tenure of up to 30 years. While going for a home loan, one should remember that loans of a shorter tenure (say 5 years) require higher payout from your side every month (EMI) since you are paying off your loan in a shorter time frame. The monthly outgo reduces considerably if the tenure is increased to 30 years. For example, the EMI for a 15-year loan is 20% higher than the EMI for a 30-year loan.

RENTAL SERVICES: In case you are not moving in immediately to the property you have bought from us, Allied can help you get a good return on your investment. We will identify the right tenants for you, show them your premise, negotiate the rentals and draw up tenancy agreements . LOAN ASSISTANCE: Whom you take the home loan from is a crucial decision. Allied will assist you clarifying your doubts about conflicting information from various sources. We will tell you the merits and demerits and guide you on the different lenders with complete details on monthly installments, pre payment and it's charges, EMI changes during the loan tenure, your loan eligibility, etc. MAINTENANCE: A team of professionals on call, waiting to ensure that your home is maintained to the highest standard. Plumbing, wiring, carpentry…you name it and we will set it right. We believe in providing care after the sale.